DAM Capital Posts 37.5% Income and 47.1% PAT Growth YoY in FY25

Govt Defers OTR-2024 Implementation to September 2026

In a significant development for the construction, mining, and heavy equipment industries, the Ministry of Heavy Industries (MHI) has officially deferred the implementation of the Machinery and Electrical Equipment Safety (Omnibus Technical Regulation) Order, 2024 (OTR-2024) by one year. The new compliance date is now set for September 1, 2026.The OTR-2024, originally notified on August 28, 2024, was to come into effect from August 28, 2025. It aimed to regulate the safety of machinery and electrical equipment, including earthmoving, construction, mining equipment, cranes, and their assemblies..

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group’s Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence’s long-term commitment to the Indian market and its support for the Indian Government’s Make in India initiative. The partnership’s current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the “Vulc..

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company’s growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..